Here’s How Much Obamacare Prices Are Rising Across the Country
Prices for next year’s Obamacare health insurance plans became public this week, with big increases in premiums across the country. We now have data that shows how much more people will pay.
Most people who buy their own coverage don’t pay full price. Tax credits created by the Affordable Care Act help pay the bills. But the new prices reflect what will happen if extra tax subsidies, first passed in 2021 and extended in 2022, are allowed to expire at the end of this year.
Change in 2026 monthly premiums without extra subsidies Age 27 Age 40 Age 60 INCOME $22,000 +$66 +$66 +$66 $35,000 +$132 +$132 +$132 $65,000 +$80 +$196 +$920 +$0 +$0 +$714 $95,000 Age 27 Age 40 Age 60 INCOME $22,000 +$66 +$66 +$66 $35,000 +$132 +$132 +$132 $65,000 +$80 +$196 +$920 +$0 +$0 +$714 $95,000 Figures are for the median county. Source: KFF estimates
Extending the subsidies would cost the federal government around $23 billion next year and about $350 billion over the next decade, according to estimates from the Congressional Budget Office. Without them, many Americans will face much higher costs before the midterm elections next fall — in some cases increases of more than a thousand doll
Continue Reading on New York Times
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.